22/07/2025

Results of Inflation Expectations Survey

According to the Ninamedia survey, short-term inflation expectations of the financial sector stayed unchanged in June at 3.5%, moving within the NBS target band for eighteen months. According to the Bloomberg July survey, inflation expectations of the financial sector equalled 3.4%, down from June when they measured 3.5%.

One-year ahead inflation expectations of the corporate sector, according to Ninamedia, stayed unchanged for the seventh month in a row, at 5.0%, this being also their average value in the previous year.

According to the Ninamedia survey, medium-term inflation expectations of the financial sector decreased from May, measuring 3.2% for both two and three years ahead in the June survey. Two-year ahead corporate expectations stayed unchanged at 5.0% in June. Three-year ahead expectations were at the same level, after declining to 4.3% in May. Medium-term corporate expectations have been moving within the 4.0–5.0% range since end-2023.

For the purpose of transparent communication with the public, since May 2015 the NBS publishes regular monthly reports on inflation expectations of the financial sector, corporate sector, trade unions and households. The Report on the Results of the Inflation Expectations Survey and the accompanying materials (time series, methodology and the survey questionnaire) can be accessed on the NBS website,  section Publications.

Economic Research and Statistics Department